From FCW.COM: [Chagrin Falls, Ohio] Tarkett has launched an offer to acquire in full its subsidiary Sintelon AD, listed on the Belgrade Stock Exchange. Backa Palanka, Serbia-based Sintelton has been the holding company for Tarkett’s activities in Eastern Europe since 2002.

“This acquisition reaffirms Tarkett’s leading position in the global flooring market and the Eastern European market. The region offers strong growth potential through future renovation of its large private housing stock,” commented Michel Gianuzzi, CEO of the Tarkett Group.

Tarkett, which currently holds 64.3 percent of Sintelon shares, aims to reach 100-percent ownership of Sintelon. The transaction is estimated at $165 million.